Soaring inflation is painful for everyone, but more so for Blacks and Hispanics, who tend to spend more in high inflation categories, a study says.
Author: Medora Lee, USA TODAY
Inflation means people are spending less, which may be putting a recession on fast track
Consumers cutting spending faster than expected due to inflation sends alarm bells about the economy. Some now see recession sooner rather than later.
Employees, employers find their way after Roe v. Wade decision
Employers and employees will have to see how policies shake out after the Supreme Court overturned Roe v. Wade. But this is what we know so far.
A double whammy for consumers: Home and auto insurance rates are set to jump in tandem
Consumers, already grappling with 40-year high inflation, will get squeezed again with home and auto renewal insurance rates set to rise sharply.
Is it too late to prevent a recession? Here’s what experts say
Recession odds are growing as investors fear the Fed’s interest rate hikes will be too fast and too big, bringing the economy to a screeching halt.
Middle class, minus debt: Apprenticeships, certificates offer low-cost option to college
As Biden mulls student debt, others discover alternative paths to the middle class without the debt. They’re using apprenticeships and certifications.
Gas tax holiday relief will likely be mild, short. Americans should brace for higher prices
Biden’s gas tax holiday plan would likely mean little relief for consumers. Americans should still brace themselves for higher prices, experts say.
Interest rate hike, bear market, crypto crash, and more happened this week. This is what it means.
A week flooded with news on Fed’s rate hike, bear market, crypto crash, recession, and more. This is a breakdown of what happened and what it means.
S&P 500, Dow and Nasdaq drop on recession fear, mortgage rates rise.
U.S. stocks slid after a handful of banks around the world followed the Fed and raised rates to fight inflation. The rate hikes fed recession fears.
How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates
The Fed’s expected to raise rates faster and more aggressively to cut inflation. You should act fast to organize your debt and lock in mortgage rates.